FHA Loan Limits for 2019

FHA loans are a popular program for first time home buyers for their low down payment requirement and the ability to use gifted funds for down payments. For many buyers, FHA is the only program for Read More >

FHA PMI Rate Reductions Cancelled

We were so happy to announce a few weeks ago that the FHA monthly PMI rates were going to drop later this month. However, an important change has taken place. Last Friday, the Trump Read More >

Preparing for FHA Appraisals

When you obtain a mortgage, either to purchase a new home or refinance an existing home, an appraisal is required. For FHA Home Loans, appraisers must evaluate property safety conditions and ensure Read More >

Eliminating Mortgage Insurance From FHA Home Loans Issued Before June 3, 2013

Many borrowers who have FHA loans were persuaded by the ability to put a low down payment. Since mortgage insurance is typically charged on loans with less than 20% down, most FHA borrowers have Read More >